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Impressive Growth in Cyprus Tourism Revenue: €223.3m in Q1 2024, Surging 11.7% YoY

Revenue from tourism reached an estimated €223.3m in January–March 2024, rising 11.7% compared to €200m in the first quarter of 2023, Cystat said.

Based on the results of its Passengers Survey, in March, revenue from tourism reached €113m, compared to €97.8m in the corresponding month of 2023, recording an increase of 15.5%.

The average expenditure per person was €558.88 in March 2024 compared to €530.72 in March 2023 (up 5.3%).

Tourists from the United Kingdom, again Cyprus’ largest tourist market with 31.8% of the total in March, spent on average €73.49 per day, while tourists from Poland, the second largest market with 10.4% of total tourists, spent on average €75.86.

Tourists from Germany, the third largest market with 9.8%, spent on average €98.66 per day, while tourists from Greece with 9% of the market, spent on average €43.37 per day.

Finally, tourists from Israel, the fifth place on the market with 8.2%, spent on average €143.21 per day.

Cyprus Families Face Wide Price Gaps On Back-To-School Supplies

School supply prices in Cyprus remained broadly stable compared with 2025, but significant differences between retailers mean families can pay very different amounts for similar products, according to the Cyprus Consumers’ Association.

The association surveyed online and physical stores operated by 10 businesses across Cyprus. Some products showed wide price gaps, while online prices were sometimes lower than those in physical stores.

School Supplies Show Wide Price Gaps

School bags ranged from €1.89 to €209.95, depending on size, design and brand. Pencil cases cost between €0.48 and €45.55, while pencils, pens and markers ranged from €0.20 to €18.99. Notebook prices varied from €0.32 to €12.99, while filing folders cost between €0.19 and €8.48. The association advised families to compare prices across retailers and shopping channels.

Clothing Prices Also Differ

Jerseys and shirts ranged from €3.99 to €48, while trousers cost €12 to €27 and skirts €11.50 to €25. Parents were advised to consider quality and value rather than relying on brand names or advertising when choosing school products.

Focus On Need And Safety

Families should make a list of essential items before shopping and distinguish between school requirements and products influenced by advertising or trends. Younger children should avoid stationery designed to resemble or smell like food because of potential health and safety risks.

When choosing a school bag, parents should consider the child’s physical strength, the bag’s weight and its construction.

Check Return Policies

Consumers should check a retailer’s return policy before buying. Shops in Cyprus generally do not have to accept returns or exchanges when customers simply change their minds, so individual store policies apply.

Unsafe products, pricing discrepancies, misleading offers and missing price displays can be reported to the Cyprus Consumers’ Association at [email protected] or through the consumer line at 1429.

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